Standard Chartered: RWA tokenization is expected to reach $2 trillion by 2028, with most of it taking place on Ethereum

Jinse Finance reported that Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, predicted in his latest report that, excluding stablecoins, the total market capitalization of real-world asset (RWA) tokenization will surge from the current approximately $35 billion to $2 trillion by the end of 2028, an increase of about 56 times. He expects that "the majority of on-chain activity" will occur on Ethereum, due to its long-term stability and network effects. The report points out that the popularity of stablecoins has paved the way for other asset classes to be brought on-chain, including money market funds (MMF) and stocks.